ORLANDO, Fla., Oct. 19, 2011 /PRNewswire/ -- Quad Energy Corp.
(OTCPK-CDID) is pleased to offer more details on its acquisition
from Blugrass Energy of a 100% ownership in the Cave Pool
Properties in Eddy County New
Mexico. The property has 2800 acres more or less of
mineral leases with 38 existing wells. Most of the wells are
equipped with Pump Jacks and have flow lines running to existing
treating facilities. The property has complete electrical
services to all wells. All of the wells are in the
Grayburg/Jackson formation. This formation has been a
prolific producer of hydrocarbons for many years. The wells
have been shut in since the middle of 2010. Our optimization
team has been studying the existing wells and we have targeted 22
wells for an initial production test. This test is expected to
achieve a production rate of 10 to 25 barrels of oil a day for the
field.
About Quad Energy Corp.
Quad Energy Corp. is independent junior oil and as exploration,
development and production company headquartered in Orlando, FL. The company is duly
incorporated in the State of
Nevada. The company's common shares are listed for
trading on the electronic over the counter pink sheets (OTC-PINK)
market in the United states and trades under the symbol "CDID."
On Behalf of the Board of Quad Energy Corp.
Contact us:
Quad Energy Corp.
3208 C Eat Colonial D
Orlando FL
32802
403 581-3351
info@quadenergycorp.com
For information please visit our website:
www.quadenergycorp.com
Safe Harbor Act Notice:
Statements contained herein that are not historical facts are
forward-looking statements within the meaning of the Securities Act
of 1933, as amended. Those statements include statements
regarding the intent, belief or current expectations of the company
and its managements. Such statements reflect management's
current views, and are based on certain assumptions and involve
risks and uncertainties. Actual results, events or
performance may differ materially from the above forward-looking
statements due to a number of important factors, and will be
dependent upon a variety of factors, including, but not limited to,
the company's ability to obtain additional financing and the demand
for the company's products. Any investment in the company
would be extremely speculative and involve a high degree of risk
and should not be pursued unless the investor could afford to lose
their entire investment. Before investing, please review this
filing, all past public filings with the SEC, all current
Pinksheets.com filings and consult a registered broker dealer or
contact the financial industry regulatory authority ("FINRA") for
more information regarding locating a qualified party to assist in
making an investment decision. The company undertakes no
obligation to publicly update these forward looking statements to
reflect events or circumstances that occur after the date hereof or
to reflect any change in the company's expectations with regard to
these forward-looking statements or the occurrence of unanticipated
events. Factors that may impact company's success are more
fully disclosed in the company's most recent public filings with
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"might" "plan" "predict" "project" "should" "will" and similar
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differently. Although we believe that the expectations
reflected in such forward-looking statements are reasonable, we can
give no assurance that such expectations will prove to be
correct.
SOURCE Quad Energy Corp.